Here, I have a BETTER idea:
First, let's freeze the assets of everyone from the top to the bottom of the lending/ investing industry. That's right, the CEO's down to the Loan Officers who were living high on the hog selling everybody loans they couldn't afford.
That's right, ALL of them. Like any of them are innocent...treat them like a vanquished army. There certainly has to be enough equity in all they own to bail this all out. The money went somewhere didn't it? That would be their pockets and paychecks!
FACE IT: If these people were caught growing pot, everything they owned would be seized by the government. The next line would be "We can't prove what you bought with legally earned money, and what was bought with money generated by illegal means, so we are taking it all." Treat Wall Street the same way, "We can't tell what was bought with money from sensible business, and what was bought with money earned from bad loans, so we are keeping it all."
THEN, sell it at cost, not what they paid for it all and use the money to bail their industry out. Gee....ain't that the way it works for the rest of us?
The problem with bailing this industry out is that they get to screw up bigger than anyone else ever, and they all get to keep their overpaid jobs and earn money while the people dying under bad loans try and get new home loans. Maybe they should have to set up and provide GOOD loans without benefit of a commision when they do so...why pay them twice, once for the bad loan and once for a good one?!?!?!?!??
SCREW WALL STREET!
(While you are at it nationalize the oil companies that have been bleeding us all dry and use those assests to help fix things...! Record profits and they need to raise prices, my ass!)
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